Despite adverse market conditions for the last two years, Assotech Realty has maintained deadlines for Assotech Business Cresterra – a premier integrated Business Park on Sector 135 in Noida Expressway. It has commenced the possession and handover of Phase I-ABC units, consisting of the first three towers of office spaces and the high-end retail street along with it, by April.
With the economy poised to grow at 7.3 per cent and the business sentiment waking up, commercial office space is gaining momentum as companies are looking to consolidate due to improving business sentiment. Strong demand from the e-commerce segment, followed by the startup, IT-enabled services sector, banking, finance and insurance segments has resulted in high absorption levels in quality office and commercial properties. Capital values and rental yields have held firm in the face of sturdy demand in the NCR.
In the wake of this turnaround, Assotech Realty, India’s leading real estate developer, has reinforced its commitment towards execution
and delivery of its project, Assotech Business Cresterra – a premier integrated Business Park on Sector 135, Noida Expressway. The company has subsequently commenced the possession and handover of Phase I-ABC units, consisting of the first 3 towers of office spaces and the high-end retail street along with it being fully operational by April 2016.
The entire project is spread over an expanse of 14 acres with 12 lakh square feet of office space across six business towers of 9-11 storeys each. The towers offer variable office spaces ranging from 950 square feet to 82,000 square feet which are tailor-made to suit any requirement in terms of built-tosuit, plug-n-play incubation facilities and customised built-up spaces. The property offers a unique business proposition of office- service apartment-retail complex nestled in the business hub of Noida. The vision is to cater its occupants a leeway where one can work, lodge and enjoy a high end shopping spree at the same time.
The construction and management adheres to the guidelines of LEEDS Gold Certification and focuses on the performance of five key areassustainable site development, energy efficiency, water savings, materials selection and Indoor environmental quality. A complex
with top of the line infrastructure base, offers a flurry of world-class amenities and facilities HVAC system, high-speed elevators, 100 per cent fully automatic power back-up, multi-level stack parking at the basement and surface, high-tech communication, access control, video surveillance and life safety equipment.
The office space provides an environment built to nurture excellence and productivity, as large floor plates, open span design and central corridors ensure maximum utilization of the available space. The retail space christened ‘ABC Street’ offers an excellent business proposition for supermarkets, fashion and garment stores, banks, restaurants and boutiques. There are separate entrances for office and retail sections having well finished lobbies, common areas and public restrooms.
Within the compound, the Serviced Residences are nestled across vast expansion, offering four-star level accommodation options catering to corporate and business expats seeking long term stay for the purpose of luxury and unhindered relaxation. All suites in the complex comprise a kitchenette with a dining area, living and bedroom. The suites are aesthetically designed paring to Vastu Shastra, elegantly furnished with all modern amenities. The Serviced Residences will be managed and operated by the Premier Lemon Tree Group.
Following the downturn for the last two years, the project has kept its pace steadily. Assotech Realty has adhered to the project deadlines even in adverse market conditions. The thrust this year was on adherence to delivery schedules, meticulous planning, quality construction and finishing and value for money. Today, the Phase I of the project is officially complete, will be operational and ready for handover to its valued customers.